There’s a revolution under way in commerce. Within five years, the consumer data right will have transformed competition and simplified the way we live.
Yet most of us know little about it, or think it is restricted to banking.
The Productivity Commission was asked to inquire into the use of big data.
It made all sorts of recommendations about how the government could use data better, but only after first delivering an overarching recommendation that would deliver ownership of consumer data to the consumers who provided it.
- ^ Peter Harris (www.smh.com.au)
- ^ How open banking could transform financial services (theconversation.com)
- ^ overarching recommendation (www.pc.gov.au)
- ^ machine-readable code (www.cdr.gov.au)
- ^ Open Banking (www.ausbanking.org.au)
- ^ My Health Record (www.theguardian.com)
- ^ Soft terms like 'open' and 'sharing' don't tell the true story of your data (theconversation.com)
Authors: Ross Buckley, Professor, Faculty of Law, UNSW